SPX at 1785 based upon the ES close. We're only 3% lower from my "top" call, but I'm convinced that we won't breach 1900 cash on an monthly close in 2014.
Google buys AI startup deepmind for $400million. Company doesn't even have a website just a placeholder. Basically paid $400m for their algorithm. Marry the software with Boston Dynamics robots? Hope they make something out of it, the valuations seem nuts.
Re: $3.2 Billion for Nest Labs. Re: 400 Million for Deepmind. Peanuts for Google. The market has added $108 Billion to their market cap in the last year.
I was long some backspreads and bear verts which are gone now. The largest positions remain intact (Numerous flies, asyms and calendars out as late as Jan15 struck at 1050 (neutrality)). Up ~20% on those.
High probability of a short-term bounce on ES in the overnight/tomorrow's session. Buying: 67.25 ES PCLN 1136.18 AAPL 503.88, limit buys on all.